News

Jinse Finance reported, according to Caixin, that stablecoins were a hot topic at Davos, with discussions suggesting that stablecoins may reshape the payment system, though their risks should not be overlooked. Jeremy Allaire, co-founder and CEO of Circle, pointed out that under frameworks such as those in the US and EU, payment stablecoins are defined as “cash instruments” for payments and settlements, and therefore issuers are not allowed to pay interest. He supports this design. Regarding the practice of subsidizing users in the form of “rewards” in the market, he believes that banks’ concerns about “deposit drain and credit exhaustion” are exaggerated, citing the example that money market funds in the past did not destroy bank credit. In addition, Jeremy Allaire proposed the concept of a “new physics of money.” Because stablecoins greatly increase the velocity of money (monetary turnover rate), he suggested that in the future, society may only need a smaller Monetary Base to support massive economic activity. He also predicted that in the next 3 to 5 years, billions of AI agents will participate in economic activities.

ChainCatcher news, Scroll announced on X that the X account of its co-founder @shenhaichen has been compromised. They are actively working to recover the account and advise not to interact with any links or direct messages.

BlockBeats News, January 25th, according to community sources, Scroll co-founder Kenneth Shen's (@shenhaichen) X account has been hacked. The hacker is currently impersonating X official team members and sending private messages containing phishing scams. Users should be cautious of the risk.